Deputy Prime Minister Vuong Dinh Hue at the event (Source: VNA) NgheAn (VNA) – Deputy Prime Minister Vuong Dinh Hue has affirmed that theVietnamese government and north central localities are ready to offer allpossible support to Japanese partners to expand their business operationsthere.
Hemade the statement at the conference “Meeting Japan - North Central Region”co-hosted by the Vietnamese Foreign Ministry and the Japanese Embassy inVietnam in the central province of Nghe An on April 25.
Theevent brought together Japanese Ambassador to Vietnam Kunio Umeda, over 150delegates from Japanese organisations, localities and 50 enterprises; leadersof six north central provinces from Thanh Hoa to Thua Thien-Hue, Yen Baiprovince, and those from ministries and agencies.
Sandwichedbetween the northern and central key economic zones, the north central regionis home to three airports, nine seaports, diverse forest resources, a marine-basedeconomy and attractive tourism services.
Inhis speech, Hue expressed his delight that Japan has regained the top positionin terms of investment in Vietnam over the past two years with 9.1 billion USDin 2017 and 8.6 billion USD in 2018.
TheVietnamese Party and State are devising a strategy to attract foreign directinvestment with a vision to 2045, focusing on investment with foreign partnersand switching FDI attraction to key projects with high value, suiting economicrestructuring roadmap, he said.
Headded that Japan’s supply of official development assistance (ODA) to Vietnamwill be incorporated into mid-term investment plan for 2021-2025 to bringpractical benefits to the community.
TheDeputy PM expressed his belief that both sides hold potential for collaborationin infrastructure, agriculture, industry, energy, education, human resourcesand tourism.
Assertingthat the attraction of FDI and ODA should not overlap each other in investmentpolicy planning in the north central region and the East-West Economiccorridor, Hue said localities and partners need to choose prioritized works ofnational and inter-regional scale for common benefits of the country andregion.
Regionallocalities should be more creative to boost practical and effective ties withJapanese partners, meeting their demand to turn the north central region into anattractive destination for Japanese tourists and investors, he said.
TheDeputy PM suggested that leaders and firms from six regional provinces shouldreport difficulties to the government and legislature to improve the efficiencyof capital use.
AmbassadorUmeda, for his part, said Vietnam is tapping free trade agreements forsustainable development and the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP) is a successful symbol of bilateral economic,trade and investment ties.
Japanpays attention to north-south high-speed railway project and an expresswaylinking the north central with Laos’ Vientiane to enhance cooperation withVietnamese localities, he said.
Hesuggested strengthening mutual trust and coordination in human resourcestraining, high-tech agriculture, support industry, tourism, education-training,and labour.
PermanentDeputy Foreign Minister Bui Thanh Son said three working sessions at the eventfocused on infrastructure connectivity between regional localities and othersin the East-West economic corridor.
Accordingto the McKinsey report in September 2018, Vietnam was one of the 18 emergingeconomies with substantial progresses over the past five decades. In 2018,Vietnam’s gross domestic product expanded by 7.08 percent, a record in the pastdecade.
In2018, Vietnam ranked fourth globally in terms of nominal GDP and 34th in purchasing power parity. Its national economic competitiveness moved up fromthe 60th out of 138 economies in 2016 to the 55th out of137 while its business environment index rose to the 69th out of 190economies from the 82nd.
Nearly26,000 foreign-invested firms from 130 countries and territories are operatingin Vietnam with a total committed capital of upwards 330 billion USD. Thecountry has become one of the world’s workshops for electronics, apparels,footwear and mobile phones.
Touristarrivals surpassed 15 million, up 1.9 times from 2015. Vietnam has also beenvoted as one of the leading destinations in Asia.-VNA
Hemade the statement at the conference “Meeting Japan - North Central Region”co-hosted by the Vietnamese Foreign Ministry and the Japanese Embassy inVietnam in the central province of Nghe An on April 25.
Theevent brought together Japanese Ambassador to Vietnam Kunio Umeda, over 150delegates from Japanese organisations, localities and 50 enterprises; leadersof six north central provinces from Thanh Hoa to Thua Thien-Hue, Yen Baiprovince, and those from ministries and agencies.
Sandwichedbetween the northern and central key economic zones, the north central regionis home to three airports, nine seaports, diverse forest resources, a marine-basedeconomy and attractive tourism services.
Inhis speech, Hue expressed his delight that Japan has regained the top positionin terms of investment in Vietnam over the past two years with 9.1 billion USDin 2017 and 8.6 billion USD in 2018.
TheVietnamese Party and State are devising a strategy to attract foreign directinvestment with a vision to 2045, focusing on investment with foreign partnersand switching FDI attraction to key projects with high value, suiting economicrestructuring roadmap, he said.
Headded that Japan’s supply of official development assistance (ODA) to Vietnamwill be incorporated into mid-term investment plan for 2021-2025 to bringpractical benefits to the community.
TheDeputy PM expressed his belief that both sides hold potential for collaborationin infrastructure, agriculture, industry, energy, education, human resourcesand tourism.
Assertingthat the attraction of FDI and ODA should not overlap each other in investmentpolicy planning in the north central region and the East-West Economiccorridor, Hue said localities and partners need to choose prioritized works ofnational and inter-regional scale for common benefits of the country andregion.
Regionallocalities should be more creative to boost practical and effective ties withJapanese partners, meeting their demand to turn the north central region into anattractive destination for Japanese tourists and investors, he said.
TheDeputy PM suggested that leaders and firms from six regional provinces shouldreport difficulties to the government and legislature to improve the efficiencyof capital use.
AmbassadorUmeda, for his part, said Vietnam is tapping free trade agreements forsustainable development and the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP) is a successful symbol of bilateral economic,trade and investment ties.
Japanpays attention to north-south high-speed railway project and an expresswaylinking the north central with Laos’ Vientiane to enhance cooperation withVietnamese localities, he said.
Hesuggested strengthening mutual trust and coordination in human resourcestraining, high-tech agriculture, support industry, tourism, education-training,and labour.
PermanentDeputy Foreign Minister Bui Thanh Son said three working sessions at the eventfocused on infrastructure connectivity between regional localities and othersin the East-West economic corridor.
Accordingto the McKinsey report in September 2018, Vietnam was one of the 18 emergingeconomies with substantial progresses over the past five decades. In 2018,Vietnam’s gross domestic product expanded by 7.08 percent, a record in the pastdecade.
In2018, Vietnam ranked fourth globally in terms of nominal GDP and 34th in purchasing power parity. Its national economic competitiveness moved up fromthe 60th out of 138 economies in 2016 to the 55th out of137 while its business environment index rose to the 69th out of 190economies from the 82nd.
Nearly26,000 foreign-invested firms from 130 countries and territories are operatingin Vietnam with a total committed capital of upwards 330 billion USD. Thecountry has become one of the world’s workshops for electronics, apparels,footwear and mobile phones.
Touristarrivals surpassed 15 million, up 1.9 times from 2015. Vietnam has also beenvoted as one of the leading destinations in Asia.-VNA
VNA
